Bryon Fields Acquires Marianna Multifamily For $6M With Brokers Johnny Blue Craig & Austin McLeod
SOLD
$6,000,000
Florida
See Similar DealsMultiFamily1,054,588 SF
Sold 06/02/2022
SOLD
Bryon Fields Acquires Marianna Multifamily For $6M With Brokers Johnny Blue Craig & Austin McLeod
5090 US Route 90, Marianna, Florida 32446, United States
See Similar DealsMultiFamily1,054,588 SF
Sold 06/02/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$5
Total Square Footage:1,054,588 SF
Transaction Type:Sale
The multifamily property located at 5090 US Hwy 90 E in Marianna has been sold for a total of $6,000,000. The transaction took place on 06/02/2022. The property consists of 100 units and spans a total square footage of 1,054,588. The purchase price per unit was $60,000, while the price per square foot was $6.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Date: 06/02/2022
- Address: 5090 US Hwy 90 E
- Market: Marianna
- Buyer: Bryon Fields
- Seller: Nicol Johnson
- Brokers: Johnny Blue Craig & Austin McLeod - Matthews Real Estate Investment Services
- Units: 100
- Price per Unit: $60,000
- Total Square Footage: 1,054,588
- Price per Square Foot: $6
The deal was facilitated by brokers Johnny Blue Craig and Austin McLeod of Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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